ALAT by Wema account limit

Nigeria’s first fully digital bank, ALAT by Wema, has taken the banking industry by storm, offering customers a range of innovative features and benefits.

If you are a Nigerian resident, you can easily open an ALAT account with your BVN and smartphone, without visiting any physical bank location.

With its online banking services, ALAT by Wema has addressed some of the most pressing needs of Nigerian consumers.

These include ease of access, low transaction fees, and the ability to control their finances from anywhere in the world.

In this article, we explore the features and benefits of ALAT by Wema account limit, and why you should consider switching to digital banking.

Features of ALAT by Wema Account Limit

ALAT by Wema offers its customers various features that allow them to take charge of their finances. Some of these features include:

1. Zero Account Maintenance Fee: ALAT account holders are not required to pay any account maintenance fees.

This feature ensures that customers can transact and save their money without incurring unnecessary costs.

2. Unlimited ATM Withdrawals: ALAT account holders can withdraw money from any ATM, without any limit on the number of withdrawals.

As long as the ATM supports the Verve card, which is issued to all ALAT customers, they can complete transactions.

Though as of new policy set by CBN, they have reversed the transaction limit to 500,000 per week

3. Savings Goals: With ALAT’s savings goals feature, account holders can set targets for their savings and track their progress towards meeting those targets.

They can also automate their savings, setting up daily, weekly or monthly contributions towards their goals.

4. Spend Limits: ALAT account holders can set limits on their spending, setting a cap on how much they can spend each day, week, or month.

This feature helps customers to control their spending, keeping them within their budget.

5. Card Control: With the ALAT app, customers can block and unblock their cards, as well as control their spending limits. They can also set spending limits and blacklist specific merchants, ensuring that they only use their cards for necessary transactions.

Benefits of ALAT by Wema Account Limit

ALAT by Wema offers several benefits that make it an excellent choice for Nigerians looking for a seamless, secure, and affordable banking experience. Some of these benefits include:

1. No Hidden Fees: ALAT account holders do not have to worry about hidden fees, as the bank is transparent about its charges. Customers can access their accounts online or via the app, making it easy to track transactions and monitor fees.

2. Easy Account Opening: Nigerians can open an ALAT account easily and quickly without the need for physical documentation or bank visits.

All they need is a BVN and a smartphone; the account can be opened in minutes.

3. Security: ALAT by Wema is committed to keeping its customers’ data and transactions secure.

The bank uses two-factor authentication, biometric verification, and other technologies to protect its users’ data.

4. 24/7 Customer Service: ALAT by Wema offers round-the-clock customer service, ensuring that customers’ issues are resolved promptly.

Customers can contact the bank via phone or email, or initiate a chat with a customer service representative via the app.

5. Loyalty Rewards: ALAT by Wema offers loyalty rewards to its customers, providing discounts on certain transactions and benefits such as free ATM withdrawals.